Insider Selling: WiSA Technologies, Inc. (NASDAQ:WISA) Insider Sells 6,553 Shares of Stock

WiSA Technologies, Inc. (NASDAQ:WISA) insider Brett Moyer sold 6,553 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $1.79, for a total value of $11,729.87. Following the sale, the insider now directly owns 243,295 shares in the company, valued at $435,498.05. This represents a 2.62 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Brett Moyer also recently made the following trade(s):

• On Wednesday, November 20th, Brett Moyer sold 84 shares of WiSA Technologies stock. The shares were sold at an average price of $1.98, for a total value of $166.32.

WiSA Technologies Price Performance

Shares of NASDAQ:WISA opened at $2.30 on Friday. WiSA Technologies, Inc. has a 1 year low of $1.15 and a 1 year high of $18.75. The company’s 50 day simple moving average is $1.79 and its 200 day simple moving average is $1.99.

Wall Street Analysts Forecast Growth

Separately, Ascendiant Capital Markets cut their price objective on shares of WiSA Technologies from $14.00 to $11.00 and set a “buy” rating for the company in a research report on Friday, December 6th.

Institutional Investors Weigh In On WiSA Technologies

An institutional investor recently bought a new position in WiSA Technologies stock. Anson Funds Management LP acquired a new position in shares of WiSA Technologies, Inc. (NASDAQ:WISA) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 353,121 shares of the company’s stock, valued at approximately $625,000. Anson Funds Management LP owned about 6.28% of WiSA Technologies as of its most recent SEC filing. 0.66% of the stock is currently owned by institutional investors and hedge funds.

WiSA Technologies Company Profile

WiSA Technologies, Inc develops, manufactures, and sells audio wireless technology for smart devices and next-generation home entertainment systems in the United States and Europe. The company offers wireless modules. It serves primarily to consumer electronics companies. The company was formerly known as Summit Wireless Technologies, Inc and changed its name to WiSA Technologies Inc in March 2022.